GBP/USD to Mount Larger Rebound on Upbeat 3Q U.K. GDP Report

GBP/USD to Mount Larger Rebound on Upbeat 3Q U.K. GDP Report

The near-term rebound in GBP/USD may gather pace over the next 24-hours of trading should the U.K. 3Q GDP report boost interest rate expectations.
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AUD: CPI inflation expected to print 0.8% – BNZ

FXStreet (Delhi) – Research Team at BNZ, suggest that the September quarter CPI – out Wednesday – is the main Australia data event this week and NAB expects headline CPI to print at 0.8% for the quarter, up 1.8% for on a year to basis.Key Quotes“It’s typically a significant market mover, wSee Original Article

AUD/USD: big week of AUD/USD traders

FXStreet (Guatemala) – AUD/USD is currently trading at 0.7246 with a high of 0.7253 and a low of 0.7235.AUD/USD has a better bid tone to the pair post the China cut and since the Aussie CPI’s are tipped to be bullish while markets set back bets for a rate hike this month from the Fed.The key data isSee Original Article

RBNZ OCR Preview: Likely to hold fire this time – ANZ

FXStreet (Delhi) – Research Team at ANZ, suggest that after three consecutive cuts, we expect the RBNZ to leave the OCR at 2.75% on Thursday and even though we still have another OCR cut pencilled in, but expect this further down the track. Key Quotes“A sub 2% inflation outlook would normally deSee Original Article

GLOBAL MARKETS-Asia turns cautious as central bank decisions loom

GLOBAL MARKETS-Asia turns cautious as central bank decisions loom

SYDNEY, Oct 27 (Reuters) – Asian share markets paused for breath on Tuesday after a four-week romp higher, as investors took cover ahead of central bank meetings in the United States and Japan later…

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USD/JPY: Heavy around 120.50, risk-off persists ahead of Fed

FXStreet (Mumbai) – The US dollar remains under heavy selling pressure versus the Japanese yen for the second straight session on Tuesday, knocking-off USD/JPY to session lows near the hourly 100-SMA.USD/JPY rejected at 121 handle Currently, the USD/JPY pair drops -0.44% to 120.56, retreating slightSee Original Article

Oil at 3-Month Low on Glut Forecast; Copper Bounces as China IP Mends

Gold awaits possible wild moves around Fed meeting. Oil slides on forecasted supply swell. Copper rebounds after China’s Industrial profits.

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Fed strives for a clear signal on interest rates – Hilserath

FXStreet (Bali) – According to Fed watcher Jon Hilserath, in his latest WSJ article, the Fed strives for a clear signal on interest rates.Key Quotes”The Fed’s uncertainty is contagious. A Wall Street Journal survey of market economists this month found that 64% believe the Fed will raise rates by See Original Article

USD/JPY upside limited by 121.70 – OCBC

USD/JPY upside limited by 121.70 – OCBC

FXStreet (Edinburgh) – According to Emmanuel Ng, FX Strategist at OCBC Bank, the pair’s upside could be limited by the 121.70 area for the time being.Key Quotes“The USD-JPY may continue to hover within sight of its 200- day MA (121.00) pending further Fed/BOJ cues this week with 121.70 likely toSee Original Article

GBP/USD strong support seen at 1.5086/1.5000 – Commerzbank

FXStreet (Edinburgh) – Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the 1.5086/1.5000 area acting as strong support.Key Quotes“GBP/USD is holding the 20 day ma very near term at 1.5326, this is expected to only act as temporary support following the key day reversal charted onSee Original Article

EUR/USD testing Monday’s high near 1.1070

FXStreet (Mumbai) – The EUR/USD pair extends its overnight side-trend as we progress towards the early European hours, although clings onto gains seen on Monday.EUR/USD: Eyes 200-DMA at 1.1080The EUR/USD pair trades modestly flat at 1.1060, easing-off two-day highs recorded at 1.1070 in mid-Asia. ThSee Original Article

RBNZ: Rate cut decision is going to be a close call – BNZ

FXStreet (Delhi) – Kymberly Martin, Senior Market Strategist at BNZ, sees a higher chance of an RBNZ cut this week than market pricing, but still see it as a close call. Key Quotes“Ahead of Thursday’s RBNZ meeting, the market prices less than a 20% chance of a cut. We see it as closer to 50/50See Original Article